1410 & 1412 DELAWARE AVE, Wilmington, DE 19806

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Joseph Lam

sales@soldbyturnkey.com +1(856) 305-8329

Listed by Buzz Moran • Long & Foster Real Estate, Inc.

$2,175,000

Est. payment - /mo

6,534 Sqft Lot

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Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Subdivision Trolley Square

MLS Listing ID DENC2093000

Year Built 1910

Annual Tax Amount $3,165

Tax Year 2025

Lot Size 6,534 Sqft

Acres 0.15

Lot Dimensions 41.10 x 125.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

Investment Opportunity – Monument Square Apartments presents a rare chance to acquire a stabilized 11 unit multifamily property in Wilmington's sought-after Trolley Square neighborhood. The asset consists of two adjoining three-story brick buildings on separate parcels, with each apartment featuring its own character and separately metered utilities. Over the past five years, ownership has invested in both cosmetic updates and key system improvements across all units, enhancing tenant appeal and reducing near-term capital needs. The property is well-positioned to provide consistent cash flow with upside through future rent growth in a high-demand submarket. For scale-minded investors, this property can also be acquired with two adjacent buildings totaling 18 additional units plus a buildable lot, offering immediate portfolio expansion in one of Wilmington's most desirable rental corridors. Full financials and package details available upon request.

Location

State DE

County New Castle

Area Wilmington (30906)

Zoning 26R-2A

Interior

Hot Water Electric

Cooling Central A/C

Heat Source Natural Gas, Oil

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Stone

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Red Clay Consolidated

Others

Tax ID 26-020.20-185

Ownership Fee Simple

Acceptable Financing Cash, Conventional, Exchange

Listing Terms Cash, Conventional, Exchange

Financing Cash,Conventional,Exchange

Special Listing Condition Standard

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Joseph Lam

+1(856) 305-8329

Broker Associate | License ID: 0682262

Broker Associate License ID: 0682262

1410 & 1412 DELAWARE AVE Wilmington, DE 19806

Joseph Lam

Key Details

Location

Interior

Exterior

Building

Schools

Others

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1410 & 1412 DELAWARE AVE